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a huge change to tax cuts. what are they planning? >> this would collapse seven brackets into two brackets for essentially all taxable income, ensuring 99% of taxpayers face maximum rates of 25% or less. specifically, this is how he will do it. theof americans would be in 25% tax bracket. those who are above that would be hit with an additional rates. this would make filing a lot more >>, because instead of seven tax brackets we would be down to two, or i guess at least three. you would have that additional 10% tax for those making over 100 $50,000. moreover, it would end the unequal treatment for the carried interest private equity managers pay themselves. does this plan have legs? we are joined by the american action forum director of fiscal -- gordon, i will start with you. is there a chance we could see something like this get through congress? be great. that would there is a lot of debate out there about how big an effect tax reform could have on it, but i think there is a broad consensus that in general it is universally positive. if you ask anybody out there, should we do s
. >>> u.s. senate panel investigating tax evasion has accused credit suisse of using cloak and dagger tactics that belong in a spy novel. it alleges c.s. bankers made 150 trips to the u.s. between 2002 and 2000208 orchestrate a large scale tax evasion scheme. some of the things credit suisse is accused of operating remote controlled lifts, and bankers accused of filing false visa applications pretending they were tourists and advising clients how to dodge u.s. tax laws. the senate hearing kicks off late today, shares trading at the bottom, just down just over 3% in trading today. >>> the firm came out to say it considers its insurance policies for wealthy u.s. citizens to be tax compliant. credit suisse has been preparing for investigations into its products known as insurance wrapper wrappers. the long arm of the u.s. treasury, by the way good morning, everybody. you didn't say good morning. >> good morning, sorry, good morning. >> good evening if you're watching in sipping apore as well. good e-mails coming out of credit suisse or conversations out of the investigation? >> it's a li
kind of world war ii camp. allen with al jazeera, north idaho. >>> a tax break for more than 13 million americans, president obama set to unveil the new budget this morning and tell you who will benefit the most if that proposal makes it through congress. plus you might call it thc-tv, marijuana commercials could be coming to a television society near you and life gave them lemons and they made lemonade and going to school. >>> if you think durant is the mbp lebron says not so fast and we will talk about the record in south beach. ♪ welcome back to al jazeera america, i'm stephanie sy, israel's prime minister is pushing back against u.s. diplomacy in the middle east and met with president obama on monday and discussed a framework for reaching a pack with the palestinian and netanyahu had frustration for, syria and iran and to have compromise israel must be secure and netanyahu will deliver the keynote speech to the american, israel publish affairs and apac is the largest and pro-israel lobbying group in the u.s. and as you can see libby casey is joining us from washington and good mor
for the tax rates to pay for that. most definitely. caller: our roads are awful. we have a lot of state roads. repair work would really help. where else do you see jobs available besides infrastructure spending? where else do you think the government can help create jobs? caller: i think in the technology,system, private sector. help bringons would about income to a level of being able to take care of your family, cover your living expenses. if that was not for unions, we would not be able to watch you on television right now. so they can rip off citizens and keep low wages and make big profits. thank you. calling in from philadelphia, pennsylvania. fish and sam says the president's budget should be how not to spend others money. also, dean writes in, too bad the gop will kill his budget. are they totally heartless? commentspage, several on that. allen writes in on her thoughts on the president's budget plan. she says stop messing around with other people's lives. we will continue to bring you comments. we want to hear you on the phone. the phone lines are open. ruben in philly on the line fo
on sale on amazon. they will need to pay taxes on the wealth, likely a million. but they don't want to change their lifestyle and will donate to charity and keep a few coins as keepsakes. >> good for them. that is a great story. don't you want to know the background of who actually put those coins in those canisters and hid them? i wonder why. it would be interesting if they go figure it out. >> it is big mystery >> i'm going to go home and dig up the backyard. >> you never know what you wofi will find. >> new action in the irs profiling scandal. who the lawmakers are hearing from now. plus, president obama with his on the economy taking his job push on the road. and we will talk to senator john thune about it all. thune about it all. that allows you to eat all that you can. filled with water. and the best dot com for booking hotels, is hotels.com. it's on the internet, but you probably knew that. or maybe not, i don't really know you. bellman: welcome back, captain obvious. captain obvious: yes i am. all those words are spelled correctly. jenna: well the president heading to minnea
as well as tax increase, republicans wanting lower taxes and less of that spending. they will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. >> john, how real is the return of the conversation about tax and interest? i say it in part because it's in some of these bills, but also because the front page of the "wall street journal," see this right here, blowout call for big tycoons that talked about the payout for people like leon black, $560 million with his income, 465 for steven schwartzman and others. i do know it's been put back in some of the bills, but this has been a policy debate we've been talking about for about five years now. >> there's a lot of momentum behind this issue. i would not expect it to pass this year. one of the things that adds to its momentum in terms of the long-term, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. the administration will h
, that is senator bob mennendez. a possible tax break for 13 million americans. president obama unveiling his new budget. we will tell you if it gets an icy chill on capitol hill when that proposal makes it through congress. >> when i first started the learn with ms. sally, it was hard. it was hard. but i -- this is what i wanted to do. >> fighting illiteracy in adults. one man's journey just to learn how to read. al jazeera america gives you the total news experience anytime, anywhere. more on every screen. digital, mobile, social. visit aljazeera.com. follow @ajam on twitter. and like aljazeera america on facebook for more stories, more access, more conversations. so you don't just stay on top of the news, go deeper and get more perspectives on every issue. al jazeera america. >>> any minute now, israel's prime minister is set to address a key group of lobbyists. this is senator bob mennendez addressing the crowd. benjamin netanyahu will deliver his speech to the american/israel public affairs committee, one day after a closed door meeting with the president. they discussed reaching an agreemen
later. ryan chilcote live on the phone from kiev. next, i'm going to take a thatat the tax price rate zara has to thank for that. ♪ >> first. bloomberg. in london.k barton this is "on the move." we are streaming live on your tablet, your phone and now any windows phone as well. it has the best profit margins in the industry, at least in part due to tax loopholes. loop holet tax benefit from? claimis -- a sickly, they the rights to the brand names of the in the text brands -- of the brands. when they have stores in rome or london or paris, the subsidiaries have to pay substantial royalties into this unit in the netherlands. that has the effect of moving billions of dollars of income, taxable income out of those countries and into the netherlands and switzerland, where they have a tax advantage. >> i suppose that affects margins in a different way in different countries, to? countries,fferent too? >> in the netherlands are switzerland they have very low tax rates. in italy and the u.k. and france and germany, it european markets their profit margins have been between three percent an
in swiss bank accounts and held avoid tax. between 2001 and 2008 a band of credit suisse bankers, they boarded planes and headed en masse to the united states on tourist visas. once in america it was time to woo possible clients. trips to miami, golf tournaments and high society cocktail party was part of the course. it was here that "sports illustrated" magazines were used to hand over bank statements on the sly. page 39, bob, that's according to one client. it all sounds very "wolf on wall street." the report claims the bank opened swiss accounts for more than 22,000 u.s. customers with assets totaling some $12 billion. that is why the u.s. is annoyed. it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period
u.s. tax evaders. we will talk credit suisse after the break. ♪ >> welcome back to "on the move ." i am manus cranny at bloomberg's european headquarters in london. these are the bloomberg top headlines. from being thene most attractive carry trade that in the emerging markets to the worst in the space of two months. as the central bank's efforts to weaken the currency caused volatility to search. the exchange rate tumbled the most since 2010 earlier this week. losing money for investors who borrowed dollars to buy the yuan. angela merkel is expected to call for a stronger european union during her visit to the u.k. today. the german chancellor arrives in london later. she will address both houses of parliament and have tea with her majesty, the queen. >> i think she is going to try to convince the u.k. to stay in europe. that there are more advantages to stay in than to get out. you can't really pick what you like and not take the rest. i think that is the main message. yatsenyuk won the support of ukraine protesters in kiev to the an interim cabinet and averted a fraud. he says law
. the number two swiss bank will put up a bill for helping american clients evade taxes. now the son is asking what exactly to the justice department so long to clamp down. ,ady dougan, c -- brady dougan ceo of credit suisse will be testifying in washington. we want to go to berlin where our international correspondent hans nichols is. with this into perspective with us because the sec began investigating this last year and are now just getting around to holding a hearing. why the lag? beenll, they have compiling this report, this committee report. we spent a lot of time with brady dougan. every quarter we go down and interview him. the question really today, tom, you know that swiss bankers are the most sophisticated people in the world. ifeel like i blunder when just say hello to them. today we find out whether or not an americann is banker or a swiss banker because he has got a tough, tough challenge. the facts don't reconcile. we have heard from in this morning they are talking about a handful of employees did this. the committee report said 1800 employees. they will have to reconcile thes
. got a weak ridge of informants to initiate sing. the financial transactions tax once again which could cost the uk savers three point five billion pounds you have two sets and current on going it's hard to build construction seems to be very different. the uk has many more friends in around the world the nation review focusing the eu till the end gang. the world is danger in any of the law and it still boils down to this one was a little less you're up for the other wants a whole lot more of it. the service of the rt london. my attention and proclaimed by some as the mice to emo company in the wild has once again drawing fun. the study suggests rules. that means he likened the links to any toxic and deadly kidney disease. read more about the dangers links to the gym for its bridge is the law and also now what scientists astronomers discovered seven hundred and fifteen you've done it sounds outside the system was dumping the number one it's time to see the smiles on this story and while it was attainable figured why not. west indies well is now spreading beyond the capital caracas and h
of dollars in offshore tax evasion. your goggles, upbeat about business in the u.s. even as americans get more of a taste for craft through -- craft brews. airbus stock climbs higher as the company works to boost production on its best-selling a320. good morning. welcome. you are watching "the pulse." i am guy johnson. francine lacqua is off today. what do we have for you on the show today? it is all a board brand italy. monocle magazine's latest issue is all about the country. we are live with the editor-in-chief tyler brule. we're going to cover a lot of ground. italy, beautiful but problematic. what do we do with it? let's begin with our top story of the day, and explosive report by u.s. lawmakers on credit suisse. according to a senate committee, the bank helped american customers hide as much as $10 billion in assets from the irs. that is more than double the amount previously known. hans nichols has more on the findings. he joins us from berlin. >> the numbers are shocking. more so than the numbers, the details, the salacious aspects of this report. you had secret meetings in secret
.m. in london. testifying before a senate committee on the role in tax evasion. insisted this conduct was limited to a handful of employees. hans nichols as the details from berlin. good morning. ritual to these hearings. or anyllenge to dougan, executive, is to be contrite but not give away ground to hurt shareholders. on this one key point on whether anyone would be held accountable, you kept hearing them press the question. >> how many culpable officers in key executives have you held accountable or fire the? >> we determined to shut this business down. over the course of the first two years after that i'm a we basically reduce the size of the business by about 85%. >> how many employees were fired? different credit suisse employees serviced the 22,000 u.s. linked accounts. the committee's report, only 10 of the 1800 were disciplined and no one was fired. is that an accurate statement? is largely accurate. >> why do people take money out of the country of origin and move to switzerland? historically, one of the things obviously highlighted is they are sheltering assets and income f
progress on some sort of a national property tax. given the property tax, although it seems residential, will that have knock on effects through commercial? >> i think they've been talking about that. every year at this time, people grabbing headlines. what will pay attention to government policy? it's not surprising they've been talking about property tax. that's been anticipated for many years. i think the market has digested that. everybody expects it to be gradual. so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasurie
next week. inditexp this hour, fashions a tax loophole. we begin with our main subject of the morning. the situation in the ukraine is developing quickly. isted president yanukovych holding a press conference today from russia. the u.s. government tries to pull together international funding to avoid a default. let's go to kiev and our reporter there, ryan chilcote. walk us through what has been happening in the south of the country in the crimea this morning. >> it is certainly seizing headlines. i am at the ukrainian central bank with the prime minister and the head of central bank are giving a joint briefing about the state of the country's finances. the prime minister left early. i did have a quick conversation with him, one on one, and they are studying the situation in the crimea. they're trying to figure out who these people are. what we're talking about is that at five :00 this morning, another group of armed men -- at 5:00 this morning, another group appeared at anve in the crimea. we have two eyewitness reports that there is a group of somewhere between 50 and 100 armed men
an economic renaissance, right? >> absolutely. if we just do a couple simple things -- we haven't had tax reform since 1986. it was before the internet got invented. we don't have a system that's competitive. immigration, that's a challenge. we need stem workers in this country to free up manufacturing. you have a bipartisan budget proposed. proposed. we put aside the shutdowns and debt ceilings and all that debate came off the table. those are small victories. >> joe ecchevaria. >> you said that differently. >> well, that's how other people say. >> coming up, mayor de blasio under fire. we'll talk to charter school founder eva moskowitz straight ahead. we'll be right back. orbiting the moon in 1971. [ male announcer ] once it's earned, usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection. and because usaa's commitment to serve current and former military members and their families is without equal. begin your legacy. get an auto insurance quote. usaa. we know what it means to serve. millions have raised their hand for th
income taxes. is he a lawyer. he won't even name the source. but he says this stuff to slime somebody. this is a leader. this is ♪ just a rank and file senator. this is a majority leader. how does he get away with just saying awful things. >> well, listen, somebody has to push bag being back on the idea whether it be the koch brothers. >> how about george soros. talk about the koch brothers talk about george soros. >> people putting false ads on the air mary landrieu louisianans saying getting mail canceling health insurance they are all actors. that's simply not true. >> here is a way. some things are untrue. what he said all were untrue. that's his problem. and he doesn't go back to the floor and said i was wrong when i said all. and i really hammer him because is he a lawyer. and he knows, you know, getting the facts right matter. >> getting the facts right does matter. and the fact is that when there are allies of the republicans in the senate spending hundreds of millions of dollars lying about the affordable care act on the air. >> with the truth. >> the truth hurts here becau
... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> welcome back as we consider a different sort of street fight over a place called home. in the san francisco bay area, the boom in the tech industry has lured a new and wealthier homeowner and renter to many neighborhoods, but at the same time, the city is becoming a cautionary tale for the rest of the country. america tonight's michael oku has more on the battle by the bay. ♪ >> it's a fight for the soul of san francisco. these protesters are targeting so-called google buses, the large, unmarked luxury shuttles for thousands of tech workers in the silicon valley. >> reporter: organizers tell
business groups say japan should cut corporate taxes. that's if the country wants to attract more investments from abroad. the japanese government launched a panel earlier this month to study the possibility of cutting the corporate tax rate. the panel invited officials from the american chamber of commerce and the european business council to its first meeting. by 2020 japan is aiming to boost investments from abroad to more than $340 billion as part of its economic growth plan. that's double the figure in 2012. >> translator: we would like to receive your views on how to make japan attractive for more foreign investors including improving the rules. >> at the meeting participants said that japan's corporate tax rate is too high. it's currently about 35%. they also said they want to see clearer rules on laying off employees and a more flexible system for part-timers. >>> central bankers in brazil have raised the country's benchmark interest rate gn, but they're slowing the pace of monetary tightening. members of the bank's monetary policy committee decided to raise the key lanedi
of the eastern ukraine them not to seek legal fees that area for taxes managed to find it and to the painting that was usc's to have for almost a week at times raised and russian flight and it was accompanied by clashes in short season several people reportedly were aged in another seat in the astral the center of the eastern part of ukraine. don't ask local sources claimed they will not abate see it and the bad taste that of for a referendum over the region stages to be held in the new race t shirt. russian border guards hundreds came to town to visit in pasta and then rest and the ukrainian compass help me shed some light on what was really happening in kiev in recent weeks we are in any of those that often didn't see much use as there were many foreigners it might dampen i can even give you a rough numbers. there were about sixty americans who still lack the tools of germans thirty to forty of them polls and senators to vote on offshore how many of the americans will by far the most active. the world's emissions from oil and the ukraine. people with anchovies that education they came becau
and where to hold the meetings to explain what's going on. >>> the sales tax in japan is going up from 5% to 8% next month, and people have been rushing to car dealerships before the tax hike, pushing up auto sales to double digit growth for six months in a row. dealers groups say new vehicle sales totalled more than 565,000 units in february. that's an increase of about 18% from a year earlier. dealers attribute the gain to the consumers' last-minute rush to buy. though they say record snowfalls last month cut into sales. officials of the japan automobile dealers association expect the demand to peak out soon. that's because people have to complete purchases by mid-march to get new cars registered before the tax goes up. >>> prime minister shinzo abe insists his government's economic policies are starting to produce results. abe said the number of business failures in japan has fallen every month for the last six months. abe again stressed the importance of wage hikes on the back of rising corporate earnings. >> translator: it's important for companies to boost wages for their employees
of the nate -- april 1 tax hike. ukraine's new prime minister get straight to work on securing the bailout worth as much as 15 alien dollars as tensions -- $15 billion as tensions flare. welcome to "countdown." anna is off today. bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. john has more on what we can expect from the ecb. john dawson has the highlights from hong kong. , set toe hathaway report record profits tomorrow. latest. hyde has the later, the uk's third-biggest insurer. julian roberts will join us after the earnings break at 7:00 . hollywood make it all of the attention when it comes to movie making, but what about nigeria's film industry? we will hear from the man behind the so-called nigerian netflix. that is later. chair janetrve yellen said the central bank is likely to keep trimming asset or justice. policymakers -- asset purchases. >> what we need to do and will be doing in the weeks ahead is to try to get a firmer handle on exactly how much of that set of soft data can be explained by weather. is not mostly weath
that is completely trumped up in terms of its pre tax. it's really a nineteenth century behavior in the twenty first century you just don't invade another country on phony pre tax. in order to assert your interests global whatever way is there a ways to deal with this. and and a president knows that his own sons in the schools. recently the us including awesome preparations for the g eight summit to be held in the russian city of saatchi in june. british foreign secretary william payne coupon sites to avoid conflict lainey take ukraine sovereignty. reports this moment of escalating tension i think russia will see increasingly over the coming days the very strong bones the us around the world by many many nations. and i hope that that direct communication between the two countries will do is take place. p and tory ministers to hold emergency talks and to all schools on monday amongst the well being is that the calling up the president on inefficient is that the judgment also angle on local hero stood to president region the day on today and expressed views on what she called russia's unacceptable int
protecting the tax loopholes and benefits for the wealthiest and the well-connected in the society and that includes as we talked about earlier this week the refusal to entertain the closing of some of those loopholes as a part of a compromise approach dealing with our media and the long-term deficit challenge is. so yes the president will talk about why it's so important for democrats to advance an agenda that is focused on expanding opportunities for all. and as he has and i have as well it is certainly worth noting in the contrast, and he will again tonight with an agenda that is focused on protecting the loopholes and prerogatives of the wealthiest and the well-connected and again from expanding or protecting the opportunity for a few. >> it sounds like a campaign. when you say opportunit see oppa few yesterday you were saying the chairman proposal has had some good potential to it. >> and they rallied around it. >> the president met earlier this weekend talked about immigration reform. >> obviously the president, like all republican leaders including those running for office t
that can help you pull out of poverty, like cutting taxes? there is nothing particularly money ifut barring or the system which can trap people in poverty has [inaudible] friend who is a distinguished richmond himself talked perfect sense. the is nothing moral about running up huge deficits about out of control welfare bills. we do not do with these problems, the whole country will be poorer. we should listen to the former arch bishop of canterbury. he said the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that every serious alliteration would cut as a matter of economic common sense. i think serious politicians have to engage in it and that should go for everybody. i join my honorable friend's and congratulate the team on their brilliant performance at the winter olympics. as immediate threat of flood passes, some levels are still underwater and hundreds of businesses and farms are still struggling to recover. the committee on climate change, the u.k. statistical authority have all said the government investment in flood defenses -- in the likes o
, it offered twitter a $22 million tax break to stay. >> we're in front of the so-called twitter building. >> reporter: the results in a recent media tour, he meets weekly with tech companies, and defends their interests. >> people stop blaming tech companies. they want to be part of the solution. >> reporter: housing protests have become a regular event in the mission. >> people are concerned that they themselves are an eviction away. >> reporter: representative campos said that the city needs to build more affordable housing, and fast. in december, the city built 60 affordable units and got 2800 applicants. he showed us a new development going up. >> this land will be given to the city by the school district so we can develop it into affordable housing, so that working and middle income families can stay in the neighborhood. >> reporter: how many more units like that one? >> i don't know, but i think many more, and that's the challenge. >> in san francisco, you can't raise the rents simply because there's a new occupant inside of the premises. >> reporter: the landlords are not the vil
while ago. he said he wants to expand tax credits for lower income americans and says he'll do it by closing loopholes that ben fit wealthier individuals. >> right now our tax system provides benefits to wealthy individuals who save, even after they have amassed multimillion dollar retirement accounts. by closing that loophole, we can help create jobs and grow the economy and expand opportunity without adding a dime to the deficit. >> the president also wants to expand the earned income tax credit for the working poor without children. his budget would also expand the child and dependent care tax credit and create automatic iras to help workers save for retirement but it's unlikely those plans will get through congress. he needs legislation to enact all of that and that does not look likely. >>> global markets are rebounding today as investors digest the situation in ukraine. even the dow jones flew out of the gate this morning. alison kosik is over at the new york stock exchange. how much have we bounced back today? >> quite a bit. what a difference a day makes. even the s&p 5
jared allen. like many pro athletes your taxes actually doing something for society with this nfl fame and fortune. he is providing homes for turning the wounded u s veterans good job mr allen generally for some reason wealthy people don't do much to help other people besides giving money to charity to get some sort of tax free kick back with the wheel is helping other people out is actually in the best interest of rich guys to say whatever to stop to think about amish horse all mega wealthy that you believe in total isolation your going to have to deal with the west the people in your country and the better off that never dies is the less likely he is going to be the steal from you to get bought. al's work is fantastic because it gets better and out of the desperate situation returning home wounded trying to struggle to find work in a bad economy and treat their wounds of a massively over expensive medical system piano playing is a drop in the pocket for the over twenty million american servicemen will come back home which shows that a wounded veteran with a place to live at a much be
tax dollars, they're accountable to us. for all those people who felt in their gut something was wrong and who are told, you have to get over it, the system played out, move on, i wanted to say, your gut is right. here's why, from the point of view of facts of the evidence. >> lisa bloom, i enjoyed covering that trial with you. you were insightful if nothing else. i've started the book. it's a good read. thank you for stopping by. >> i appreciate that. >> be well. >>> my next guest was elected to public office at 22. now he hopes to make more history. perhaps becoming south carolina's first african-american statewide office holder since 1872. yes, 1872. he's also vice chairman of the south carolina democratic party. good to see you, sir. >> thank you for having me this saturday afternoon, craig. >> it's a steep climb for democrats in south carolina. what's different this time? >> well, for me, it's about another step in the journey. my parents always told me as i was growing up i could be anything in the world, just be a change agent. since the agent of 21, 22, when i won my first elec
sat down with the german economist karl heinz day for his view on which tax tolls to take the many comments from heinz tuckey who he's an expert on german unification said. if it weren't for me and a clear economic perspective his team preparing for the reunification of the korean peninsula. to do so with the city of twenty million. the whole metropolitan area for two million people. rising economy. so what's the border is open. north koreans poopy the move will come in great numbers. a man entered the league identities on tuesday. he said the korea us must begin by forming a currency union and transforming and privatizing government that north korean industrial sector. this process cost germany over two trillion us dollars. although there are varying estimates it's expected to cost to me at around three and half trillion dollars a tonne. he ensured that it will be money well spent the festival north of north korea. has it been quite a surprise moment to lose that and it was all the trade links with south korea has to europe and america. i think that all of the teachers who could t
of poverty like cutting tax on low pay, like helping troubled families? because there's nothing particularly moral about borrowing even more borrowed money come a system which can trap people in poverty. >> i think my right honorable friend is distinguished churchmen himself. talks perfect sense. there's nothing moral about running up huge deficits, about out of control welfare bills. if we don't deal with these problems the whole country will be poor. i think we should listen to the words of george carey, the former archbishop of canterbury who said this. the churches should be aware of the dangers of blindly defending a gargantuan welfare budget that increases politician would cut as a matter of economic common sense. i think serious politicians have to engage in this and that should go for everybody. >> ed miliband. [shouting] >> mr. speaker, i join my honorable friend and the prime minister in congratulating team gb on a brilliant performance at the window limits but as the threat of floods passes there's thousands out of their homes. some are still underwater and hundreds of businesses
but then germany and austria was much more through the taxation offices having to pay certain taxes. and later as we move into the occupied countries, poland and holland and working with the banks that were taking over the jewish assets, and i think the most well known organization is easily referred to as the er or and that is an arm that was originally to be confiscating the propaganda that would be something the nazis were trying to subdue and it turned into an arm for confiscating the assets in france and belgium. so i think it's important you do is the term nazi try to keep inp in mind it is a bureaucratic effort from the top down. from where it was going to go as we all know hitler had to go and then the other leaders were collecting because they thought it showe showed them to be civid people and they were collecting them for themselves. but like any regime, i think that like many other nighties really -- not seized. could you stick to their advantage. >> did they support the war effort? >> they definitely saw the currency of the art, so the art that was to the regime and that you are f
're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com >>> this is a fox news alert. a critical deadline two hours away. ukrainian officials say russia has given ultimatum surrender crimea or face assault. moscow denying the ultimatum. tensions are growing. jessica is live in crimea. jessica? >> >> russian forces have made a real presence within the last 24 hours here. they have captured an ferry report infantry base. the ukrainian soldiers either you are with us or against us. the ukrainian coast guard has several of their ships away from sea ports here out into the black sea, maintaining they still are loyal to kiev. the head of ukraine's navy has surrendered after only two days on the job. he faces treason charges. and lead as you mentioned the ukrainian navy says that they hav
they knew nothing about people using swiss banks to dodge taxes. the hearing coming a day after a senate report that said that americans were hiding as much as $12 million in swiss banks. >> and now the jig is up, you say you can't cooperate because of swiss secrecy laws. those laws don't apply in the united states. you are operating in the united states. >> the bank admits some past misconduct by employees but the executive new nothing about it. >>> georgia debating whether to allow discrimination of gays based on religious beliefs. robert there is a delay in the proceedings, do we know why? >> reporter: indeed. they were supposed to meet in the state capitol this morning. they said they were going to have some provisions to the bill. perhaps they weren't ready to speak about the bill. maybe it's pub back from businesses or maybe it's the outrage they are seeing in arizona. but the bill basically says -- it allows any individual or for-profit company who believe that homosexuality is a sin, to openly discriminate against them by denying them employment or banning them from restaurants o
and parliaments are divided along ethnic and party lines. this banner says the system gobbles up 70% of the tax revenues while 67% of young people are out of work. >> i have always been for one country without the two entities. for a bosniak-croat federation without cantons. i think the people of bosnia could find a peaceful solution but not the politicians. >> many ethnic serbs might well see things differently, but the fact remains that very few people make more than 2000 euros a month while two and three bosnians live on less than 200 a month. this graffito says "stop nationalism." this old industrial city has not been kept from falling into ruin. these coworkers hope to save their factory from a similar fate. >> regarding the factory so it won't be destroyed -- we are guarding the factory so it won't be destroyed. we are even sleeping here. 10 or 12 people are here every night to make sure it does not alluded. -- does not get looted. >> after the years of management and decay, it seems questionable they will get their jobs back. the bosnian spring was born out of desperation. >> there's the
billions of dollars in profits. these are tax dollars going to our schools and making our neighborhood safe. but unfortunately even our residents that have good coverage are spending this money on medications. there are a lot of complicated issues that under lie why drug pricing is so high. there are a couple things that i would like to note that i have certainly explored with city staff on this issue. we have very little transparency on the prices set not only with drugs but also prices paid by the city and county of san francisco. some of the out patients are eligible to receive a low price negotiated by the federal government in the so-called 340 b program. unfortunately it's not accessible to in patients that we have in our local hospitals as well as our jails. i would also note that our city purchases many of our drugs for our inpatient populations and others with a contract through a company called innovation. unfortunately the pricing for those particular drugs are covered by non-disclosure agreement and we don't have the ability to understand how those prices are set. the resolutio
drug manufactures have made billions of dollars in profits. these are tax dollars going to our schools and making our neighborhood safe. but unfortunately even our residents that have good coverage are spending this money on medications. there are a lot of complicated issues that under lie why drug pricing is so high. there are a couple things that i would like to note that i have certainly explored with city staff on this issue. we have very little transparency on the prices set not only with drugs but also prices paid by the city and county of san francisco. some of the out patients are eligible to receive a low price negotiated by the federal government in the so-called
... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> hi, i'm lisa fletcher, and you're in "the stream" . you pay for internet access. but are you getting your money's worth. is your net experience being controlled by big media? >> our producer a.m. waj i wajai bringing you live feedback to the show. you name t we're on it every single day. but there is a growing concern
, that's a big-time problem. remember, anybody that doesn't sign up, they're looking at tax penalties. when people start source the higher taxes that come with obamacare, i think that, again they're going to be unhappy about it, and that's the growing discontent you see, that the -- on a bipartisan basis, democrats need to join with us on the right kinds of solutions. >> senator john hoeven, republican from north dakota, that deadline is approaching fast. we will be reporting on it. thanks for joining us this sunday. >> thanks, eric. >>> thanks. jamie? >> gentlemen, thanks to both of you. >>> there's a new government watchballing report. appearing at first glance, it concludes that the u.s. has a shortage of airline pilots. there are some analysts that say they're unsure if there are too few or too little bay for those who would otherwise be capable, but what is behind the drop-off? should air travelers be concerned? >>> joining mess is askor of "bulls and bears" seen here on saturdays. we never miss it. >> thank you. >> if there aren't enough pilots, what will it mean? >> i took a cl
drug manufactures have made billions of dollars in profits. these are tax
been ordered walks to borrow tax -- back to barracks. later, and defensive about was he also trying to reassure everyone that force is not his intention at the moment? today, his foreign minister seem to want to push the need for dialogue. >> i won't even fantasize about the possibility of sanctions. we have always been against one-sided actions cannot i hope our partners will understand their counterproductive. >> this is of the first time mr. putin has done the world with a military takeover. he has taken crimea out of kiev control, but he will only take eastern ukraine as a rust resort -- last resort. pushingof wishing -- today the capital, he agreed to peace talks after five days of bombardment. is he thinking it is time to move to diplomacy? the problem is, how to bridge the gap. in kiev today, the secretary state route the promise of a billion dollar loan to the new government. the same government that putin insists seized power in an illegal and violent coup. >> if russia chooses not to do the asteroid, does not choose to work directly with the government of ukraine, then our
. >> not to mention tax inversions. we've seenet so often in this area. finding a way to get to ireland is really what it amounts to or some other tax jurisdiction other than the united states my favorite having been that one that endo did with paladin and they both ended up in ireland. >> i like paragos that is in from ireland. isn't that the melting pot story there, israel, ireland. >> global economy. >> we could use tax reform and this is the perfect example. >> alchemy, what a great company, moves to ireland, boom, like that. >>> gm one of the worst performers this morning down 1.5%. ntsa will open a probe into the faulty ignition. and a lot of users are bed bath, vm, target, ralph lauren. >> a lot of profit taking. ralph lauren was upgraded and downgraded at goldman. the group, these were huge moves yesterday. you take them back a little bit and then i think they settle in and you buy them again because these stocks are much cheaper than the average stock in the market. and i like that. i like value. >> all right. how about a faber report? >> how about it? let's talk sears holdings. in fact, i wa
house republicans will unveil plans for a tax plan already declared dead on arrival. the kentucky republican said he sees no hopes for major tax overhaul this year. he blames democrats, who he says wants to recognize $1 trillion in revenue. he said changes in the tax code should make the company more competitive, not raise more money for the government. >> looking at the weather front, the west could be seeing rain today. >> definitely changes on the way. that is not the case unfortunately here across the upper midwest where the cold air is locked in place, so our cold weather woes continue with a wind chill warning in place across the u.p. of michigan where it could get 40 below zero in the overnight hours. today, we have high pressure that continues to build in, drawing down that arctic air mass into the southern plains and spreading to the east. here in texas, temperatures at much as 20 degrees colder than this time yesterday, so in addition to the rain and thunderstorm activity, we're seeing along the gulf coast further inland, we are seeing patchy, in land rain for slick road
-year earnings interest before tax, 3.6 billion euros. dividend to $.75. the game for the charges, here we go. 434 million charge for the a350 and restructuring. this is the double long-haul plane. if you are going to america or another nice destination, this is the plane. it will go head-to-head with the dreamliner and costs have been mounting. restructuring, they have put this unit into one. you've seen the charges, 434 million euro or the a350. calexico is a huge range in terms of analyst expectations. -- >> it is a huge range. i'm wondering how that will go down with investors. of the units.ing >> they are pitting the airbus at the front of the company. >> hence the new name. we don't talk about aeds anymore. gave the employees t-shirts apparently when they relaunched the name at the end of last year. airbus can fit on a it t-shirt itsn a t-shirt but aeds in true form cannot. u.s.nts on brazil and the and what they are looking for ahead of earnings. or fifths of profits come from the region. offset by a winter. brazil beer volumes and they have seen solid growth in china. the mexican bee
russian corruption works. at the center is moscow. and in britain -- is not in moscow. havens anditish tax property all over the european union. it works like this. are amounts of money checked it out of the russian budget. here to beought secured. over the past 10 years, putin has watched how this is desperate for money in an area of low growth. this has convinced and that europe will do absolutely nothing to kill the oligarch golden goose that feeds it. he is absolutely confident the europeans will not impose banking or visa restrictions or do anything to close down their profit will tax havens. think it was a saving alliance. it has the morality of a hedge fund. make money or move it offshore. >> it sounds like he is saying that vladimir putin is the ultimate mob boss. do you agree? >> with some parts of what he said. he does certainly run the mob liken certainly a way. the basic point he has judged the west is unlikely to respond in ways that really hurt him is correct. the judgment is formed over a variety of teams. one aspect maybe corruption. he is also had a few experiences like ge
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